AEI CapForce II Investment registered to offer 10 million units at $10 each. A unit of the Malasia-based SPAC consists of one Class A ordinary share and one-half of one redeemable warrant, with whole warrants exercisable at $11.50.
The new SPAC will seek a target in the Greater China Region or Southeast Asia in the “new economy” that is composed of a trilogy of interactive features that include globalization, information technology and the communication revolution.
AEI CapForce II is led by CEO and Chairman John Tan Honjian, who since January 2015 has served as chairman and CEO of AEI Capital Group located in Hong Kong, Kuala Lumpur and Shenzhen.
EF Hutton is managing the offering. The underwriters have an option to purchase up to an additional 1.5 million units to cover any over-allotments.
The SPAC intends to apply for a Nasdaq listing under AEIBU. Read more.
